Frayser Community Schools

Analysis

Frayser Community Schools is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Frayser Community Schools reported income of $16.9m and spending of $15.8m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.1m to $16.9m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Frayser Community Schools sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within TN. Charities of a similar size with the same main cause include Admiral Farragut Academy Inc ($16.9m), Westside Inclusive School House Inc ($16.9m) and Kipp West Philadelphia Charter School ($16.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $435k (2.8% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $8.9m against liabilities of $1.0m, net assets of $7.9m. It reported 239 employees.